Equipment Investment and Economic Growth: How Unique Is the Nexus?

Andrew Wood ()

Working Papers from University of Hertfordshire - Business Schoool

Abstract: Recent empirical research has suggested that there is a robust causal relationship running from equipment investment to economic groth. The stutus of this association as a "stylised fact" is examined. The data indicate that other forms of investment also have strong associations with economic growth, and reveal complex feedback mechanisms between different forms of investment and economic growth, and between equipment and non-equipment investment.

Keywords: ECONOMIC GROWTH; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: E20 N10 O40 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:fth:hertbu:1995:1

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